Nashville Yards is about to experience a radical entertainment transformation, thanks to AEG. And don’t worry: they’ve done this before.
If you’ve been to LA Live or the O2, you can see where this one’s going. According to details tipped this morning, the Anschutz Entertainment Group (AEG) is planning a massive renovation of Nashville Yards. The sprawling development effort will include everything from hotels to entertainment arenas, office space to residential buildings.
AEG’s ambitious announcement follows a deal involving Southwest Value Partners (SWVP). That partnership enabled the entertainment conglomerate to purchased a four-acre plot in the Nashville Yards project, which will soon undergo a massive transformation.
Accordingly, these four mega-properties will serve as an anchor to the redevelopment zone:
- 4,000-capacity music venue.
- Regal Cinemas movie theater complex
- 600-700-capacity live entertainment club.
- 240-room boutique hotel
That’s just the start, with a panoply of other structures and attractions revolving around that core. As soon as 2020, AEG will open its first structure: a 691-room Hyatt Regency hotel. That edifice will sit on the northwest corner of 10th and Broadway.
The four-acre entertainment complex will largely happen on 10th Avenue between Commerce Street and Church Street. Additionally, the entertainment giant could exercise rights to purchase an additional 1.5 acres in the Nashville Yards space. All of which will be within walking distance of Music City Center, the Country Music Hall of Fame and Museum, Bridgestone Arena, the Frist Center for the Visual Arts, The Johnny Cash Museum, and Nashville’s Honky Tonks.
Separately, AEG is also mid-development on a mega-sized Mercedes-Benz Platz in Berlin. Now, it’s Nashville’s turn to break ground. “For several years, AEG has been looking for the right venue development opportunity in Nashville, one of the fastest growing cities in the country,” said company CEO Jay Marciano. “A development offering like this has to not just be special, but be remarkable.”
Be advised that there is no “Nashville Yards” outside of the developers’ marketing materials. It’s a partially developed area of downtown that already houses Gibson’s repair shop and several office buildings. Sit back and watch the bubble explode.